692 High St, Westwood, MA 02090-1600
This exceptional investment opportunity presents a two-story, 3,828 square foot Class B office building situated on a desirable 0.24-acre corner lot in Westwood, MA (02090). The property boasts a prime location at 692 High Street, offering excellent visibility and convenient access to I-95/Rt-128. Currently 100% occupied by a national tenant (Coldwell Banker) under a Net Lease agreement expiring August 31, 2025, this single-tenant property provides a stable income stream with a remaining lease term of approximately 0.8 years. The building features 10 parking spaces and a large basement, adding to its functionality and appeal. With a strong Net Operating Income (NOI) of $162,000 and an attractive cap rate of 6.76%, this property offers a compelling return on investment. The asking price is $2,395,000, translating to a price per square foot of $625.65. Surrounded by high-end residential properties and other established businesses, this location offers significant potential for long-term growth and appreciation. The property's size and location make it an ideal investment for both passive income generation and future development possibilities. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving Massachusetts community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.